Mivne Real Estate (k.d) Ltd. · TASE:MVNE
Mivne Real Estate (k.d) — Investor Presentation (March 2022)
21 slides from Mivne Real Estate (k.d)'s investor presentation, Mar 31, 2022
Slide 1: Capital Market Presentation
MIVNE Capital Market Presentation March 31 2022
Slide 2: About Mivne
About Mivne Israel’s leading real estate company in the development, purchasing, construction and management of structures intended for offices, industry, logistics, commerce, and residential purposes for rent or sale. 1.9 6.9 7.03% 4.2 billion NIS billion NIS billion NIS Cash and credit Equity attr
Slide 3: About Mivne
About Mivne The Company has a dividend distribution policy for 2022 totaling 240 million NIS but not exceeding 50% of the Company’s total yearly FFO, reflecting a yearly dividend yield of 3%. 582 12 million NIS billion NIS Occupancy in Israel Number of income Income-producing Value of investment pr
Slide 4: Our Customers Include
About Mivne Our Customers Include •חאר '-JN.-ttU' <Jeby Shwfersal דניה סיבוס SMART CONSTRUCTION w Dip^b^ -Partner Q lumen is הוםסנסר Mellanox ■לאוח Eeumi □בנק הפועלי לרוכבי בריאות. שירותי z matrixes# Regus * נזאוחדת בכללית s פארם-סופד adidas X מזרחי טפחזת nnoum^ הב• טובה ש
Slide 5: Income-producing properties in Israel as of March 2022
Income-producing properties in Israel as of March 31 2022 Including data of included companies (expanded consolidated) Industrial and logistics Shopping Complexes 4.0 billion NIS k 2.3 billion NIS (1,006,000 m 2) (205,000 m 2) Offices Rental housing ► 4.3 billion NIS 0.2 billion NIS (411,000 m 2) (1
Slide 6: Financial highlights - FFO from income-producing properties
Financial highlights - FFO from income-producing properties (in millions of NIS) 600 500 400 300 1-3/2021 1-3/2022 FFO per share in the quarter amounted to a total of 0.162 NIS, compared to 0.139 NIS in the corresponding quarter last year. MIVNE Mivne Group | Capital Market Presentation March 31 202
Slide 7: NOI in Israel (in Millions of NIS)
NOI in Israel (in Millions of NIS) NOI Same Property NOI in Israel ■ Solar energy ■ Industrial and logistics ■ Commercial ■Offices Over the course of the quarter, same property NOI in Israel amounted to 159 million NIS compared to 145 million NIS over the course of the same quarter last year. The in
Slide 8: Expected growth in NOI from projects under development, solar projects and assets not yet activated
The expected growth in NOI from projects under development, solar projects and assets not yet activated (in millions of NIS) (e) Haifa
Slide 9: Industrial, logistics and employment development
Industrial, logistics and employment development Expected NOI Built-Up Estimated Cost Estimated Range (in Project Name Location Usage Area Balance (in Completion Date Millions of (In m2) Millions of NIS) NIS) HaHaskala Blvd. Tel Aviv Offices and commercial 68,300 Q3/2025 566 109-117 Mivne Compound H
Slide 10: Betterment potential - Hameitav Project Stage B
Betterment potential Hameitav Project - Stage B In April 2022, the project plan was approved for deposit at the Local Committee. The plan, as approved, includes the construction of three buildings: a 47-story residential building and two employment buildings with 47 stories each. Regarding an additi
Slide 11: Rental housing
Rental housing Book Balance NOI/Expecte Value/Sum Number of Payable d NOI Expected Town Usage Area (m2) Paid Units (Millions of (Millions of Yield (Millions of NIS) NIS) NIS) Housing Income Jerusalem 317 12,353 116 - 7.2 Collection producing Student Income Kiryat Ono 113 3,334 57 - 3.1 Dorms produ
Slide 12: Solar energy
Solar energy Over the course of 2020-2021 the Company increased its investment in the field of solar energy, filing requests to set up 277 solar energy systems on the rooftops of buildings in its possession. To date, a plan has been arranged to install 261 systems, of which 89 systems have been acti
Slide 13: Residential real estate development
Residential real estate development Planned Cost in Projected Company’s Project/Location Housing Status Company’s development share Units Books profits HaHaskala Blvd. - Underway, 79 housing 360 364 75% 295 Tel Aviv units sold so far Marom Hasharon, Underway, 14 housing 213 76 90% 94 apartment build
Slide 14: Investment property abroad
Investment property abroad NOI from income Fair Value (in Thousands generating properties Country Number of Properties Above-Ground Area in m2 Occupancy rate of NIS) 1-3.2022 (Thousands of NIS) Income-producing properties Switzerland 2 56,650 93.9% 365,584 5,950 Ukraine 1 44,705 100% 231,848 4,850
Slide 15: Financial data as of March 2022
מבנה Financial data as of March 31 2022 15
Slide 16: Financial fortitude
Financial fortitude Expected Principal Redemptions Rate (in Millions of NIS) Performed in the Period ■ Redemptions in Israel ■ Redemptions abroad MIVNE Mivne Group | Capital Market Presentation March 31 2022
Slide 17: Financial fortitude
Financial fortitude Cost of Debt - Average Israeli Debt Interest 7.66% 7.50% 7.28% 7.05% 6.9% Weighted cap rate Weighted cap rate Weighted cap rate Weighted cap rate Weighted cap rate deriving from deriving from deriving from deriving from deriving from income-producing income-producing income-produ
Slide 18: Balance Sheet Data
Balance Sheet Data (in Minions of nis) = W J /7 31.3.2022 31.12.2021 Cash and cash equivalents 1,076 923 Income-producing investment property 12,840 12,028 and property under development Investments in associates 374 367 Financial liabilities, including 6,892 6,108 debentures Deferred taxes, net 1,4
Slide 19: Primary Data from Statement of Operations
Primary Data from Statement of Operations (in Millions of NIS) 1-3.2021 Rental and management fee income 232 216 Total revenues 235 269 Gross profit 178 181 Revaluation of investment property 28 72 and real estate under development* Operating profit 183 224 Financing expenses, net (97) (41) Net prof
Slide 20: Disclaimer
Disclaimer This presentation was prepared by Mivne Real Estate (K.D.) Ltd. and does not constitute a proposal to buy or sell Company securities or a proposal to receive such offers and is intended to provide concise information only. The information presented may not serve as a basis for making inve
Slide 21: Thank you
Thank you
Mivne Real Estate (K.D.) — Investor Presentation (March 2022) on 6ix